12 May 2026
Abu Dhabi National Company for Building Materials (BILDCO) reported AED 464.08mln accumulated losses as of Q1 2026, 30.94% of paid-up capital. In 2025, it executed a restructuring plan, including a AED 2.131bn capital increase, asset divestments, and issuing 1.2bn new shares. In Q1 2026, BILDCO posted a AED 109.56mln comprehensive loss, a 20.2% revenue rise to AED 16.72mln, and a 34.6% gross profit margin. The company approved a plan to boost steel production to 700 tons/day.